Westwater Resources (NASDAQ:WWR) Director Tracy Pagliara Sells 26,237 Shares

Westwater Resources, Inc. (NASDAQ:WWR) Director Tracy Pagliara sold 26,237 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $0.57, for a total transaction of $14,955.09. Following the completion of the sale, the director directly owned 923,888 shares of the company’s stock, valued at approximately $526,616.16. The trade was a 2.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwater Resources Stock Performance

Shares of Westwater Resources stock opened at $0.55 on Thursday. The firm has a 50-day moving average of $0.62 and a 200-day moving average of $0.82. The stock has a market cap of $69.29 million, a PE ratio of -4.19 and a beta of 1.59. Westwater Resources, Inc. has a 52-week low of $0.47 and a 52-week high of $3.75.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. XTX Topco Ltd increased its position in shares of Westwater Resources by 717.9% in the fourth quarter. XTX Topco Ltd now owns 610,853 shares of the basic materials company’s stock worth $458,000 after purchasing an additional 536,170 shares during the period. Soviero Asset Management LP bought a new position in shares of Westwater Resources in the third quarter worth $446,000. State Street Corp increased its position in shares of Westwater Resources by 141.5% in the fourth quarter. State Street Corp now owns 357,505 shares of the basic materials company’s stock worth $268,000 after purchasing an additional 209,500 shares during the period. Alps Advisors Inc. bought a new position in shares of Westwater Resources in the fourth quarter worth $89,000. Finally, Centiva Capital LP bought a new position in shares of Westwater Resources in the third quarter worth $64,000. Institutional investors own 7.72% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on WWR. HC Wainwright reissued a “buy” rating and issued a $1.75 target price on shares of Westwater Resources in a research report on Tuesday, April 7th. Maxim Group began coverage on shares of Westwater Resources in a research report on Wednesday, April 15th. They issued a “buy” rating and a $2.00 target price for the company. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $1.88.

Westwater Resources Company Profile

Westwater Resources, Inc (NASDAQ: WWR) is a Houston‐based mineral development company focused on advancing sustainable sources of battery‐grade graphite for the lithium‐ion battery market. The company’s primary asset is the Coosa Graphite Project in east‐central Alabama, where Westwater is working to establish a fully integrated, U.S.‐based supply chain for natural spherical graphite. By leveraging in‐house purification and spheronization technology, Westwater aims to produce high‐purity graphite suitable for electric vehicle and stationary energy storage applications.

Originally founded as a diversified natural resources company, Westwater Resources has realigned its strategy toward critical battery minerals.